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$SPY: SPX500 Continues Moving Higher

AMEX:SPY   SPDR S&P 500 ETF TRUST
SPX500 continues its rally in pre-market trading reaching $3009 level. The index is overbought on 4 Hr chart, with Daily chart showing little movement. A pullback may be needed to keep it going higher. We may expect a double top formation on 4 Hr chart before RSI correction into 30 territory.
RSI momentum is pointing toward higher prices (near-term). Chande Momentum, however, is indicating potential for near-term correction within its recent trading range.

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